Business
AGF Management Limited Reports First Quarter Financial Results
AGF Management Limited Reports First Quarter Financial Results AGF Management Limi...
About this update from Agf Management Limited Class B
[{"type":"text","content":"\n\n\n\nAGF Management Limited Reports First Quarter Financial Results\n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n\n\n\n\n\nAGF Management Limited Reports First Quarter Financial Results\nCanada NewsWire\nTORONTO, March 23, 2016\n\n\n\n\nAGF MANAGEMENT LIMITED REPORTS FIRST QUARTER FINANCIAL RESULTS\n\n\n\n46% of ranked AUM performed above median for the one-year period ended\n February 29, 2016 compared to 34% in the same period in 2015\n\n\n\nTORONTO, March 23, 2016 /CNW/ - AGF Management Limited (\"AGF\" or \"the\n Company\") today announced financial results for the first quarter ended\n February 29, 2016. The volatile global markets over the past 12 months\n have had an impact on AUM levels. Total assets under management (AUM)\n was $31.7 billion as at February 29, 2016, compared to $36.7 billion as\n at February 28, 2015. Total retail fund AUM was $16.9 billion as at\n February 29, 2016, compared to $20.0 billion as at February 28, 2015.\n The trend of lower retail redemption levels continued into the first\n quarter of 2016 as net redemptions were 36.5% lower than during the\n first quarter of 2015, decreasing to $0.3 billion from $0.5 billion.\n During the same period, mutual fund redemptions across the industry\n increased 18.6% when compared to the same time frame in 2015.\n Institutional and sub-advisory AUM was $10.4 billion as at February 29,\n 2016, compared to $11.8 billion as at February 28, 2015. Private client\n AUM was $4.2 billion, compared to $4.6 billion for the same period in\n 2015...